Well, I need the specifics to prepare the additional doc's, dont' I?

anyway - thanks for the interesting conversation.

OCBC NON ZERO MOVING COST PROMOTION!!
[U]Under Construction & Completed Properties[/U

Loan size RM150,000 to < RM200,000
(Whole tenure BLR-2.2%)

Loan size RM200,000 to < RM300,000
(Whole tenure BLR-2.3%)

Loan size RM300,000 and above
(Whole tenure BLR-2.4%)
LVS financing (Legal fees, valuation, stamp duty) may apply to loan amount above RM200,000.

This offer is available for limited period only. Anyone interested to apply please don't hesitate to ask detail from me.
Feel free meet up with me in Klang Valley area.

TOH CHIN MING
Mortgage consultant
0169455966
cmtoh85@hotmail.com

I've heard that UOB is reducing loan of apartment from 90 to 80%.
What about other banks?

Hi Guys,

Need some advice as well. I'm getting a property worth 530k, MOF 90%. Loan tenure: 30 years, Under construction (progress ~50%). So far the packages i found :

Non ZEC, Flexi
CIMB : 0% - 1st 15 months , BLR - 2.2% - 2nd year , BLR - 2.1% TA
Maybank : 0% - 1st year , BlR - 2.2% TA
OCBC : BLR - 2.4% full tenure , semi-flexi
Alliance : BLR - 2.3% - 1st year , BLR - 1.9% - 3rd-5th yr, BLR - 2.05% TA

I think the best rates offered would be Maybank ?? Kindly advice pls 

Rgds.

Let me give u a clear example of semi flexi.  A bank is considered "semi-flexi" if u do not have the flexibility to withdraw funds with ease and convenience.  For instance, I have to put in a request via writing - wait 5 days - and then the bank issues a cheque.  For full flexi -u have the discretion to do so at your own ease because u already have full control at the onset.

actually there are quite a number of local banks offering full-flexi loan...

these are the few local banks who offer full-flexi mortgage loan, just to name a few;

1)Alliance Bank
2)CIMB Bank
3)Hong Leong Bank
4)Public Bank

and etc...
no offence, but i think you got the “terms” and “facilities” confused.

The term "Full-flexi"is a loan structure, it has nothing to do with principal reduction. It's one of the characteristic of a mortgage loan structures available on the market.

All 3 types of Loan structures (full-flexi, semi-flexi & conventional) have their own behavior of principal reduction, in which may also vary from the lenders or financiers themselves.
A bank definition's of "prepayment" is usually referring to a larger amount money meant for capital payment/down-payment than the installment amount, or the additional amount of money after installment. Whether does it contribute to ADVANCE payment, depends on the Terms & Condition and the Restriction of the loan itself.

Now go smack the banker who told you "prepayment" means advance payment. 

Still, I do agree with meejawa. It's always better to do your study on Mortgage Loan before you approach bank officers. Understanding the Terms itself can and WILL help you to avoid unnecessary hassle, and to protect yourself from confusion.
Hope the above helps. 

Dear all,

Recently , i m looking for the housing loan amt ,

detail:

1) condo
2) under construction
3) 90% MOF ie. around 200k
4) ZEC
5) maximum tenure possible
6) my age 32
7) prefer fully flexi
Currently, i hv bn offered fr 2 banks as below:

1)fr CIMB BLR-1.75%, ZEC , optional MRTA, 38 years tenure, fully flexi, lock in 5 yrs, 3% penalty
2)fr HSBC BLR-2.00%, ZEC, optional MRTA, 31 yrs tenure, fully flexi, lock in 7 yrs, 3.5% penalty

Fr above, the rate fr HSBC , of course better than CIMB, but shorter tenure (mean higher commitment), and longer lock in period & higher penalty (hold longer which mean pay more interest b4 let u go away or penalty)

for me longer tenure is better bcos lower commitment and since fully flexi, i bear the same interest amt at the end of day if i pay installment based on 30 yrs calculation instead of 38 yrs calculation. Thus, no different but lower commitment just in case financial tight in future.

But hsbc got one more disadvantage is they hv lesser branch & ATM outlet compare to others local banks making troublesome for withdrawing , when we choose fully flexi, we always want all our money& income incl monthly salary bank in there first and hold there longer possible and slowly possible withdraw it for expenses in order to save some interest althrough the saving is very minimum but "sedikit sedikit jadi bukit" 

So, now i m in dilema in choosing btw them, perhaps someone can advise  me, or any better loan interest rates than CIMB & HSBC.

Hi...wanna get some tips...

My house loan is 100,000 blc at abt 7% interest (2001)
I'm gonna pump in RM60K of KWSP money in the 100K blc...
So that leaves me with RM40K..

Since the interest is low, i can get refinancing for Rm120K and get 80K extra money at 3.75%.

Question is, is it wise to use the money to pay off my car.
My car loan blc is 25K at 3.75% interest rate...monthly abt RM745.

The rest of my money I use to pay off Credit card and stuff.

Thanks in advance for the help.

my mortgage broker submitted my case to OCBC last week, and he got back to me saying that the bank needs 1-2 weeks to process because they have 284 cases submitted. Really, I have to wait so long to process?